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Reply #68: Merrill sees $6 bln-$6.5 bln Q1 writedowns-CNBC [View All]

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Eugene

(1000+ posts) Send PM | Profile | Ignore

Wed Apr-09-08 12:33 PM
Response to Original message

68. Merrill sees $6 bln-$6.5 bln Q1 writedowns-CNBC

Source: Reuters

Merrill sees $6 bln-$6.5 bln Q1 writedowns-CNBC
Wed Apr 9, 2008 1:20pm EDT

NEW YORK, April 9 (Reuters) - Merrill Lynch & Co (MER.N)
executives expect the company to record first-quarter write-
downs in the neighborhood of $6 billion to $6.5 billion and
will likely post a quarterly loss, CNBC reported on Wednesday,
citing sources.

Merrill Lynch reports first-quarter results on April 17,
and analysts polled by Reuters on average expected the
company to post a loss. (Reporting by Dan Wilchins, editing
by Mark Porter)

http://www.reuters.com/article/marketsNews/idUSWEN485820080409

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